Chip-maker Intel narrowed the range of its third-quarter sales forecast toward the upper end of its earlier estimates.
The semiconductor giant said it now expects revenue to be between U.S. $7.6 billion and $7.8 billion, compared with its Aug. 22 forecast of between $7.3 billion and $7.8 billion.
The company cited strong demand in its Intel Architecture business, which produces Pentium, Celeron and Xeon microprocessors for personal computers and servers. Emerging markets were particularly strong, Intel said.
Intel will report full earnings report Oct. 14.
Intel officials have characterized the processor uptick as stronger-than-normal seasonal demand, not the start of another high-tech boom. In a conference call last month in which the company raised forecasts, chief financial officer Andy Bryant said it's too early to declare a full recovery. (Forbes.com)
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